Babcock & Wilcox Enterprises Reports First Quarter 2024 Results
Babcock & Wilcox Enterprises, Inc. (BW)
Last babcock & wilcox enterprises, inc. earnings: 3/1 04:42 pm
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babcockwinery.com
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Source: Business Wire
Exceeded expectations with Revenue of $207.6 million and Operating Income of $4.3 millionIncreased Full Year 2024 Adjusted EBITDA target range to $105.0 million to $115.0 million, excluding BrightLoopTM and ClimateBrightTM expensesAnnounced 2024 contract signings and awards of approximately $500.0 million, nearly double the amount in the same period last yearAnnounced backlog of $532.8 million and implied backlog of $826.4 million in project opportunitiesAchieved annualized cost savings of approximately $20.0 million to date related to strategic business realignment progressing toward stated target of over $30.0 millionQ1 2024 Continuing Operations Highlights and Outlook– Revenues of $207.6 million, which was lower compared to the first quarter of 2023, as anticipated, primarily due to our strategic shift towards selective higher-margin projects– Operating income of $4.3 million, compared to $1.3 million in the first quarter of 2023– Net loss of $15.8 million, including a $5.1 million
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News
- Babcock & Wilcox Construction Co., LLC Awarded More Than $20 Million in Power Plant Outage and Rebuild Work [Yahoo! Finance]Yahoo! Finance
- Babcock & Wilcox Construction Co., LLC Awarded More Than $20 Million in Power Plant Outage and Rebuild WorkBusiness Wire
- Industrial Boilers Global Strategic Business Report 2024: Market to Surpass $25 Billion by 2030 as Energy Efficiency Remains Major Cost Driver [Yahoo! Finance]Yahoo! Finance
- Greenwave Technology Solutions, Castor Maritime, Spire Global among industrial movers [Seeking Alpha]Seeking Alpha
- Babcock & Wilcox Enterprises, Inc. (NYSE: BW) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
BW
Earnings
- 5/9/24 - Miss
BW
Sec Filings
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- BW's page on the SEC website